Everything so far is very expected.
On a side note:
Institutional money definitely is not going to reflect on exchange pricings. They are buying OTC. Hundreds of thousands and possibly millions of Bitcoins bought up without prices rising, just waiting to dump on us in exchanges. So take note:
Prices NEVER increase when they bought up millions of Bitcoins.
Prices drop when they sell.
OTCs are a way for institutional money to devalue Bitcoin.
If the sell-out fools are not stopping their OTC sales, then Bitcoin will be absolute $0. If they manipulate prices down to accumulate more, we should see prices go down to $3000 for another year or so before it comes up again. And then they will dump on us and Bitcoin will be worth less than $0.